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Getting to the Bottom of the India Construction Chemicals Boom

Company Report

Favourable government initiatives and new appreciation for cutting edge technology has led to a booming India construction chemicals market

India has progressed a lot in the past few years in almost every way imaginable, including in the science of civil engineering. Newly constructed building in India rise higher, are less prone to disasters such as earthquakes and in general are built quicker and better. The growth of India construction chemicals market is one of the major reasons as to why India is quickly adopting cutting edge technology when it comes to construction. Today TechSci Research experts examine the various factors behind this vibrant and competitive sector.

 

Increasing Infrastructure Development in India

 Since 2014, the Indian government has allocated a huge outlay of funds marked for infrastructure development. The Road Transport & Highways Ministry has invested around US$ 47.7 billion, while the Shipping Ministry has invested around US$ 12.0 billion in the past 2-3 years for building world class highways and shipping infrastructure in the country. The trend is expected to continue in the future as well, with increased total infrastructure outlay and defence capital expenditure by 10% and 20.6% to US$ 59.18 billion and US$ 13.1 billion respectively, over FY17 revised estimate. TechSci Research, in fact, highlighted in its report “India Construction Chemicals Market, Competition Forecast and Opportunities, 2010 – 2020” the key role that the Indian government will play in the booming India construction chemicals market.

 

In addition to shipping and transportation, especial emphasis has been placed on cheap housing, rejuvenation and improvement of basic infrastructure in urban areas, boosting rural employment and infrastructure and taking up electrification on a war footing. All these new developments are set to boost the India construction chemicals market over the next few years.

Conclusion: India Construction Chemicals Market Set to Continue Strong Growth

 The aforementioned TechSci Research report, “India Construction Chemicals Market, Competition Forecast and Opportunities, 2010 – 2020”, suggests that the India construction chemicals market is projected to grow at a CAGR of over 15% during 2015-2020, due to increasing construction activities and rising government and private investments in infrastructure and real estate sectors. In addition, 100% FDI policy of the government in real estate industry is further anticipated to boost growth in India construction chemicals market during 2015 – 2020. Changing consumer lifestyles, especially of the country’s robustly expanding middle class population, is driving demand for quality construction of residential structures, thereby augmenting demand for construction chemicals in India and this ties in very well with the processes being undertaken by the Indian government.

 The aforementioned factors can be seen in the financial health of the various economic agents operating in the country. For example, Pidilite Industries Limited which trades on the National Stock Exchange (NSE) in India has seen tremendous value growth, from around Rs 176 per share in August 2012, to close to Rs 800 per share in August 2017. Other major companies such as Sika India Private Limited, BASF India Ltd., Fosroc Chemicals India Private Limited etc. are all witnessing tremendous growth on account of the untapped potential in the India construction chemicals market.

 

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